GBPUSD- 18Mar2022
Price has taken a slight hiatus after BoE raised their interest rates to 0.75% yesterday. GBPUSD dropped from its highs at 1.3210 to lows at 1.30900 but it has already recovered more than 61.8% of it.
Due to the fundamentals of interest rates hike, we could still expect price to rebound to daily 1st Resistance at 1.32360.
NFA
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